10-Q Filing

APPLIED BIOSCIENCES CORP. CIK: 1607549 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001477932-18-000820`
Period End Date	20171231
Filing Date	20180214
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	stny-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 60 Cash Flow Statement 52 Stockholders Equity 12

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful	`AllowanceForDoubtfulAccountsReceivable`	$2.23K	USD	Point-in-time
Allowance for doubtful	`AllowanceForDoubtfulAccountsReceivable`	-	USD	Point-in-time
Cash	`Cash`	$212.64K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`Cash`	$272.05K	USD	Point-in-time
Cash	`Cash`	$416.83K	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,232 and nil	`AccountsReceivableNetCurrent`	$5.68K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,232 and nil	`AccountsReceivableNetCurrent`	$4.68K	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Inventory	`InventoryNet`	$22.70K	USD	Point-in-time
Inventory	`InventoryNet`	$35.00K	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaids and other current assets	`OtherPrepaidExpenseCurrent`	$4.29K	USD	Point-in-time
Prepaids and other current assets	`OtherPrepaidExpenseCurrent`	$16.92K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$460.81K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$257.93K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.52K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	15.25M	shares	Point-in-time
Equity investments	`EquityMethodInvestments`	$300.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	15.60M	shares	Point-in-time
Equity investments	`EquityMethodInvestments`	$368.54K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	15.25M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	15.60M	shares	Point-in-time
Intangible asset, net	`IntangibleAssetsNetExcludingGoodwill`	$949.79K	USD	Point-in-time
Intangible asset, net	`IntangibleAssetsNetExcludingGoodwill`	$1.12M	USD	Point-in-time
Other asset	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Common stock shares to be issued	`CommonStockSharesToBeIssued`	150,000.00	shares	Point-in-time
Common stock shares to be issued	`CommonStockSharesToBeIssued`	192,390.00	shares	Point-in-time
Other asset	`OtherAssetsNoncurrent`	$5.50K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.79M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.56K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.30K	USD	Point-in-time
Accrued expenses	`OtherAccountsPayableAndAccruedLiabilities`	$19.29K	USD	Point-in-time
Accrued expenses	`OtherAccountsPayableAndAccruedLiabilities`	$20.21K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$31.58K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$51.77K	USD	Point-in-time
Preferred stock; $0.00001 par value; 5,000,000 shares authorized; none issued and outstanding at December 31, 2017 (unaudited) and March 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $0.00001 par value; 5,000,000 shares authorized; none issued and outstanding at December 31, 2017 (unaudited) and March 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock; $0.00001 par value; 200,000,000 shares authorized; 15,595,100 and 15,247,600 issued and outstanding at December 31, 2017 (unaudited) and March 31, 2017, respectively	`CommonStockValue`	$152.00	USD	Point-in-time
Common stock; $0.00001 par value; 200,000,000 shares authorized; 15,595,100 and 15,247,600 issued and outstanding at December 31, 2017 (unaudited) and March 31, 2017, respectively	`CommonStockValue`	$154.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.44M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.74M	USD	Point-in-time
Common stock to be issued, 192,390 and 150,000 shares at December 31, 2017 (unaudited) and March 31, 2017, respectively	`CommonStockToBeIssued`	$538.33K	USD	Point-in-time
Common stock to be issued, 192,390 and 150,000 shares at December 31, 2017 (unaudited) and March 31, 2017, respectively	`CommonStockToBeIssued`	$426.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-525.83K	USD	Point-in-time
Total Stony Hill Corp. Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.74M	USD	Point-in-time
Total Stony Hill Corp. Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.64M	USD	Point-in-time
Non-controlling (deficit) interest	`MinorityInterest`	$-4.26K	USD	Point-in-time
Non-controlling (deficit) interest	`MinorityInterest`	$1.74K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.73M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.64M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.68M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.79M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Product, net	`SalesRevenueGoodsNet`	$179.53K	USD	3 Qtrs
Product, net	`SalesRevenueGoodsNet`	$62.98K	USD	1 Quarter
Product, net	`SalesRevenueGoodsNet`	-	USD	1 Quarter
Product, net	`SalesRevenueGoodsNet`	-	USD	3 Qtrs
Services	`SalesRevenueServicesNet`	-	USD	3 Qtrs
Services	`SalesRevenueServicesNet`	$17.50K	USD	3 Qtrs
Services	`SalesRevenueServicesNet`	-	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$17.50K	USD	1 Quarter
Total Revenue	`Revenues`	$62.98K	USD	1 Quarter
Total Revenue	`Revenues`	$17.50K	USD	1 Quarter
Total Revenue	`Revenues`	$179.53K	USD	3 Qtrs
Total Revenue	`Revenues`	$17.50K	USD	3 Qtrs
COST OF REVENUE, PRODUCT	`CostOfRevenue`	$50.37K	USD	1 Quarter
COST OF REVENUE, PRODUCT	`CostOfRevenue`	-	USD	1 Quarter
COST OF REVENUE, PRODUCT	`CostOfRevenue`	$140.71K	USD	3 Qtrs
COST OF REVENUE, PRODUCT	`CostOfRevenue`	-	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$17.50K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$38.83K	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$12.61K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$17.50K	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$165.31K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	-	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	-	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$229.67K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$54.87K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$133.98K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$86.05K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$358.19K	USD	3 Qtrs
Reverse merger costs	`NoncashMergerRelatedCosts`	-	USD	1 Quarter
Reverse merger costs	`NoncashMergerRelatedCosts`	-	USD	3 Qtrs
Reverse merger costs	`NoncashMergerRelatedCosts`	$376.37K	USD	3 Qtrs
Reverse merger costs	`NoncashMergerRelatedCosts`	$376.37K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$56.17K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$168.43K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationAndAmortization`	-	USD	3 Qtrs
Depreciation and Amortization	`DepreciationAndAmortization`	-	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$355.46K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$431.23K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$462.41K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$756.29K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-413.73K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-342.86K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-444.91K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-717.47K	USD	3 Qtrs
Less: Net loss attributable to non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Net loss attributable to non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-7.13K	USD	1 Quarter
Less: Net loss attributable to non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.00K	USD	3 Qtrs
Less: Net loss attributable to non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
NET LOSS ATTRIBUTABLE TO STONY HILL CORP.	`ProfitLoss`	$-711.47K	USD	3 Qtrs
NET LOSS ATTRIBUTABLE TO STONY HILL CORP.	`ProfitLoss`	$-444.91K	USD	3 Qtrs
NET LOSS ATTRIBUTABLE TO STONY HILL CORP.	`ProfitLoss`	$-413.73K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO STONY HILL CORP.	`ProfitLoss`	$-335.73K	USD	1 Quarter
LOSS PER COMMON SHARE	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	3 Qtrs
LOSS PER COMMON SHARE	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
LOSS PER COMMON SHARE	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
LOSS PER COMMON SHARE	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.46M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.21M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.30M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.60M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-413.73K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-342.86K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-444.91K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-717.47K	USD	3 Qtrs
Costs of reverse merger	`NoncashMergerRelatedCosts`	-	USD	1 Quarter
Costs of reverse merger	`NoncashMergerRelatedCosts`	-	USD	3 Qtrs
Costs of reverse merger	`NoncashMergerRelatedCosts`	$376.37K	USD	3 Qtrs
Costs of reverse merger	`NoncashMergerRelatedCosts`	$376.37K	USD	1 Quarter
Stock compensation issued in exchange for consulting agreement	`StockIssuedDuringPeriodValueShareBasedCompensation`	$112.33K	USD	3 Qtrs
Stock compensation issued in exchange for consulting agreement	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	3 Qtrs
Depreciation	`Depreciation`	$44.00	USD	3 Qtrs
Depreciation	`Depreciation`	-	USD	3 Qtrs
Amortization of intangible	`AmortizationOfIntangibleAssets`	-	USD	3 Qtrs
Amortization of intangible	`AmortizationOfIntangibleAssets`	$168.38K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$992.00	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.00K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	-	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-12.30K	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.63K	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	3 Qtrs
Other asset	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	3 Qtrs
Other asset	`IncreaseDecreaseInOtherCurrentAssets`	$-5.50K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.19K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.49K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-420.70K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-68.06K	USD	3 Qtrs
Acquisition of equity investments	`PaymentsToAcquireInvestments`	$-50.00K	USD	3 Qtrs
Acquisition of equity investments	`PaymentsToAcquireInvestments`	$-68.54K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsForProceedsFromProductiveAssets`	-	USD	3 Qtrs
Purchase of property and equipment	`PaymentsForProceedsFromProductiveAssets`	$-1.57K	USD	3 Qtrs
Increase in cash held in trust account	`IncreaseInCashHeldInTrustAccount`	$-25.00K	USD	3 Qtrs
Increase in cash held in trust account	`IncreaseInCashHeldInTrustAccount`	-	USD	3 Qtrs
Deposit on acquisition	`IncreaseDecreaseInDepositOtherAssets`	$-325.00K	USD	3 Qtrs
Deposit on acquisition	`IncreaseDecreaseInDepositOtherAssets`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-400.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.11K	USD	3 Qtrs
Issuance of common stock for cash	`ProceedsFromIssuanceOfCommonStock`	$740.10K	USD	3 Qtrs
Issuance of common stock for cash	`ProceedsFromIssuanceOfCommonStock`	$695.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$740.10K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$695.00K	USD	3 Qtrs
NET CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$204.19K	USD	3 Qtrs
NET CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$272.05K	USD	3 Qtrs
CASH, BEGINNING OF PERIOD	`Cash`	$212.64K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$272.05K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$416.83K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	-	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$212.64K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$272.05K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$416.83K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	-	USD	Point-in-time
Liabilities assumed in the reverse merger	`LiabilitiesAssumedInReverseMerger`	-	USD	3 Qtrs
Liabilities assumed in the reverse merger	`LiabilitiesAssumedInReverseMerger`	$51.37K	USD	3 Qtrs

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Shares	`SharesIssued`	10.83M	shares	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$1.73M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$1.64M	USD	Point-in-time
Issuance of common stock for cash, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$695.00K	USD	3 Qtrs
Common stock to be issued in conjunction with consulting agreement	`CommonStockToBeIssuedInConjunctionWithConsultingAgreement`	$112.33K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-413.73K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-342.86K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-444.91K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-717.47K	USD	3 Qtrs
Ending Balance, Shares	`SharesIssued`	10.83M	shares	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$1.73M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$1.64M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.